Saskatoon is one of several Western cities where the housing market vulnerability rating has been lowered.
Canada Mortgage and Housing Corporation released its Housing Market Assessment today.
It reports the degree of vulnerability was lowered from moderate to low in the overall assessment for Saskatoon because the overbuilding of homes has eased.
The same goes for Edmonton and Calgary.
However, in Regina overall vulnerability remains moderate because overbuilding is still high.
Nationally, overvaluation remains moderate, with higher house prices in the third quarter of last year because of population growth and the decline in mortgage rates.